Justera Health Signs Definitive Agreement to Acquire Juillet Wellness Centre
Toronto, Ontario–(Newsfile Corp. – July 17, 2023) – Justera Health Ltd. (CSE: VTAL) (OTCQB: SCRSF) (formerly ScreenPro Security Inc.) (“Justera” or the “Company”) is pleased to announce it has executed the definitive agreement on July 13, 2023, to acquire Juillet Wellness Centre (“Juillet Wellness“), a wellness center located in Burnaby, British Columbia.
Subject to the satisfaction of the conditions of closing, the Company will acquire all or substantially all of the assets, and assume certain specified liabilities of the business, free and clear of all encumbrances. The purchase price is $700,000 in cash and shares, subject to adjustments as follows:
- $200,000 payable to the vendor, or as the vendor may direct, in cash, at the closing;
- $500,000 payable at the closing through the issuance of an aggregate of 10,000,000 common shares of the Company to be issued at a deemed price of Cdn $0.05 per share, in accordance with the policies of the Canadian Securities Exchange (“CSE“), and applicable Canadian provincial securities law, which shall be subject to a statutory hold period of 4 months plus a day; and
- The assumption by the Company of certain lease liabilities of the vendor in respect of the business, to a maximum of $360,000.
A key employee of Juillet Wellness business will enter into a 3-year employment agreement with the Company on terms to include a base salary of $90,000 per year plus quarterly incentive payment equal to 30% of the net profit of the Juillet Wellness business to a maximum of $100,000 per year.
The Company is scheduled to complete the proposed arm’s length acquisition on or about July 21, 2023.
Additionally, following the news announced on July 12, 2023, the Company has appointed Edward Park as a new member of the board of directors.
“We are one step closer to the completion of this new acquisition and entering into the professional spa and wellness market. This is a significant milestone for the Company and we are excited to embark on this new journey and work towards a more positive future for the Company,” said Edward Park, Chief Executive Officer of the Company.
About Juillet Wellness
Juillet Wellness is a full-service wellness center that offers a convenient and harmonious facility, bringing together a wide range of essential beauty and wellness services under one clinic. With skilled staff and premium products, Juillet Wellness provides a luxurious experience. The wellness center offers various treatments, including registered massage therapy (RMT), physiotherapy, and traditional Chinese medicine through acupuncture, promoting balance and vitality. Additionally, their Skin Laser Centre uses cutting-edge technology for personalized treatments targeting rejuvenation, acne, and hair removal. Experience the ultimate sanctuary of beauty and well-being with Juillet Wellness.
To learn more about Juillet Wellness, please visit: https://juilletwellness.com
About Justera Health
Founded in 2020, Justera Health Ltd. is a health and wellness management company that provides Canadians with professional health and medical solutions. With a focus on medical services, Justera Health offers personalized health and wellness services such as IV vitamin therapy, personal home care, on-call urgent medical care, nutrition, and health screening services, such as COVID-19 testing. Our team of board-certified physicians and healthcare professionals bring years of expertise to provide knowledgeable and trustworthy solutions to improve patients’ overall health outcomes.
For additional information on Justera Health and other corporate information, please visit the Company’s website at https://www.justerahealth.com/.
For more information about the Company, please refer to the Company’s profile on SEDAR at www.sedar.com.
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Investor Relations & Communications
Priya Monique Atwal, Director of Communications
Tel: (416) 901-5611 x 204
Email: priya@justerahealth.com
Edward Park, Chief Executive Officer
Tel: (416) 901-5611 x 203
Email: epark@justerahealth.com
Forward-Looking Statements:
Certain statements contained in this news release may constitute forward-looking information, including statements relating to the future development of Justera’s business. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The actual results of Justera could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which Justera operates, prevailing economic conditions, changes to Justera’s strategic growth plans, and other factors, many of which are beyond the control of Justera. Management of Justera believes that the expectations reflected in the forward-looking information herein are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents Justera’s expectations as of the date hereof and is subject to change after such date. Justera disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events, or otherwise, except as required by applicable securities legislation.
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